PUBLIC LAW 104-134—APR. 26, 1996 110 STAT. 1321-292 (B) by striking "acquisition for rehabilitation, and rehabilitation" and inserting "acquisition for reconstruction or rehabilitation, and reconstruction or rehabilitation"; (2) in paragraph (13), by striking "and" at the end; (3) by striking paragraph (19); (4) in paragraph (24), by striking "and" at the end; (5) in paragraph (25), by striking the period at the end and inserting "; and"; (6) by redesignating paragraphs (20) through (25) as paragraphs (19) through '^24), respectively; and (7) by redesignating paragraph (21) (as added by section 1012(f)(3) of the Housing and Community Development Act of 1992) as paragraph (25). SEC. 226. The Secretary shall award for the community development grants program, as authorized by title I of the Housing and Community Development Act of 1974, as amended (42 U.S.C. 5301), for the State of New York, not more than 35 percent of the funds made available for fiscal year 1996 for grants allocated for any multi-year commitment. The Secretary shall issue proposed Rules, and final rulemaking for the requirements of the community development grants program for the State of New York before issuing a Notice of Funding Availability for funds made available for fiscal year 1997. SEC. 227. All funds allocated for the State of New York for fiscal years 1995 and 1996 under the HOME investment partnerships program, as authorized under title II of the Cranston-Gonzalez National Affordable Housing Act (Public Law 101-625) shall be made available to the Chief Executive Officer of the State, or an entity designated by the Chief Executive Officer, to be used for activities in accordance with the requirements of the HOME investment partnerships program, notwithstanding the memorandum from the General Counsel of the Department of Housing and Urban Development dated March 5, 1996. SEC. 228. (a) The second sentence of section 236(f)(1) of the National Housing Act, as amended by section 405(d)(1) of The Balanced Budget Downpayment Act, I, is amended— 12 USC I7l5z-l. (1) by striking "or (ii)" and inserting "(ii)"; and (2) by striking "located," and inserting: "located, or (iii) the actual rent (as determined by the Secretary) paid for a comparable unit in comparable unassisted housing in the market area in which the housing assisted under this section is located,". (b) The first sentence of section 236(g) of the National Housing Act is amended by inserting the phrase "on a unit-by-unit basis" after "collected". TECHNICAL CORRECTION TO MINIMUM RENT AUTHORITY SEC. 229. Section 402(a) of the Balanced Budget Downpayment Act, I (Public Law 104-99), is amended by inserting after "as Ante, p. 40. amended," the following: "or section 206(d) of the Housing and Urban-Rural Recovery Act of 1983 (including section 206(d)(5) of such Act),". MINIMUM RENT WAIVER AUTHORITY SEC. 230. Notwithstanding section 402(a) of the Balanced Budget Downpayment Act, I (Public Law 104-99), the Secretary of Housing and Urban Development or a public housing agency
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